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Geoff Kimpton

In the default UK chart of accounts I have noticed that there are a lot of accounts prefixed by a letter.

Eg: A000 Fixed assets & C000 current liabilities.  Are these control accounts which should not be used or is there some other explanation.

Another puzzling aspect is the number of default bank accounts. I have:

B040 Cash in hand & at bank.  Contol account??

120000 Bank accounts

120001 Cash.  Perhaps this one is for actual cash money (notes & coins) ?

120002 Bank. ?

B040001 ?

So, the question is what are they all for & which ones should I be using?


  Sorry but my knowledge of accounting principals & practise is sketchy at best.

I have searched in the community and online documentation but have found no clues.

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Ray Carnes

Thank you, I understand now.

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Hengky Zhang
Best Answer

Chart Of Account is a hierarchy of the account

so for  example

100 Bank & Cash (View)
 100.1. Bank A (Bank & Cheque)

 100.2 Bank B (Bank & Cheque)

 100.3 Cash GPB (Cash)

so in that example we have 100 Bank & Cash which we can see the summary of our Bank & Cash amount
what we really use in transaction is the Bank A, Bank B, or Cash

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Hengky Zhang

the code is just for user or accountant to know easier of the account usually accountant remember the code instead of the account name